Are Proposed Budget "Cuts" Really Going To Help?

There is no doubt that America does face a real fiscal cliff. However, I have to ask how in the world we will overcome that when no one really wants to provide real cuts to the federal budget? Today I read "cuts" that have been proposed by the House. The question is, are they significant enough to actually stop deficit spending and increasing the national debt?

* IRS Direct Deposit: Require the IRS to deposit fees for some services it offers (such as processing payment plans for taxpayers) to the Treasury, instead of allowing it to remain as part of its budget — $1.8 billion savings over ten years.

* Require collection of unpaid taxes by federal employees — $1 billion total savings. WHAT THE HELL IS THIS ABOUT?

The total savings of these "cuts" is $2.5 Trillion.... over ten years. Now to you and me that sounds like real money and it is, but in the big scheme of things this is small potatoes. Let's break that down by years. The fact is this amounts to "cuts" of a quarter of a billion dollars in cuts per year. That is still real money to you and me, but again, in the big scheme, when you are already running over a trillion dollars in deficits for the past five years and are scheduled to run that year one (2013) of either a Romney administration or an Obama administration, this is beans.

Don't get me wrong here. I'm in agreement with cutting out wasteful spending and this is a quarter of a step in the right direction, but until there is someone who is willing to stand up and actually start looking at real cuts to the budget, then we will continue in deficit spending and kicking the can down the road, until we run out of road.

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